Wounded Warrior Servicemembers Group Disability Insurance Act of 2005 - Authorizes the Secretary of Veterans Affairs to purchase from one or more insurance companies a policy (or policies) of group disability insurance to automatically insure, in the amount of $50,000 each, any servicemember who: (1) assumes an obligation to perform (for less than 31 days) active duty, active duty for training, or inactive duty training; and (2) is rendered uninsurable from a disability, or aggravation of a preexisting disability, incurred while proceeding directly to or returning directly from such duty or training. Outlines qualifying disabilities for purposes of such coverage, including: (1) complete and permanent loss of movement of an extremity; (2) burns of third degree or higher covering more than one square foot; (3) the loss of sight of one or both eyes; (4) the permanent loss of one hand or foot; and (5) the irretrievable loss of speech or hearing.
Provides for the payment of premiums and other payments with respect to such insurance.